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Canberra seeks ‘strategic’ Australia-flagged cargo vessel fleet to secure future trade
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Analysts have mixed views on whether Australia needs to protect its commercial shipping sector.
PHOTO: REUTERS
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SYDNEY – Australia is commissioning the first three vessels in a “strategic” commercial shipping fleet it is forming to secure its trade against future wars or disasters – a costly move that has stirred debate about whether the country can rely on global shipping.
The government revealed on Dec 4 that it will commence a five-year trial with three vessels in 2025, with a view to eventually establish a fleet of 12 ships to ensure that Australia has access to fuel and other critical supplies in times of crisis.
